Vertex Energy, Inc. (NASDAQ:VTNR) Expected to Post Quarterly Sales of $63.63 Million

Analysts expect Vertex Energy, Inc. (NASDAQ:VTNRGet Rating) to announce sales of $63.63 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Vertex Energy’s earnings, with the lowest sales estimate coming in at $59.36 million and the highest estimate coming in at $67.90 million. Vertex Energy posted sales of $58.08 million in the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Vertex Energy will report full year sales of $2.57 billion for the current financial year, with estimates ranging from $2.02 billion to $3.13 billion. For the next year, analysts forecast that the firm will post sales of $3.47 billion, with estimates ranging from $3.41 billion to $3.52 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vertex Energy.

Vertex Energy (NASDAQ:VTNRGet Rating) last posted its earnings results on Monday, March 7th. The industrial products company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.16). Vertex Energy had a negative return on equity of 91.33% and a negative net margin of 7.20%. During the same period in the previous year, the firm posted ($0.12) EPS.

Several research firms recently weighed in on VTNR. Zacks Investment Research upgraded Vertex Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 8th. StockNews.com began coverage on Vertex Energy in a research note on Thursday, March 31st. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.00.

VTNR stock opened at $8.44 on Monday. The business has a 50 day moving average price of $7.43 and a 200 day moving average price of $5.71. The stock has a market cap of $534.15 million, a price-to-earnings ratio of -22.81 and a beta of 1.64. Vertex Energy has a fifty-two week low of $1.17 and a fifty-two week high of $14.32. The company has a quick ratio of 4.69, a current ratio of 4.76 and a debt-to-equity ratio of 2.13.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Vertex Energy by 18.7% during the fourth quarter. BlackRock Inc. now owns 1,974,860 shares of the industrial products company’s stock worth $8,945,000 after purchasing an additional 311,800 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Vertex Energy by 62.7% in the fourth quarter. Wells Fargo & Company MN now owns 82,124 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 31,635 shares during the last quarter. Yaupon Capital Management LP acquired a new stake in Vertex Energy in the fourth quarter valued at $3,397,000. Goldman Sachs Group Inc. grew its holdings in Vertex Energy by 567.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 512,689 shares of the industrial products company’s stock valued at $2,322,000 after purchasing an additional 435,883 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Vertex Energy in the fourth quarter valued at $112,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Vertex Energy Company Profile (Get Rating)

Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates through Black Oil, Refining and Marketing, and Recovery segments.

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